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MICROFINANCE

LETSHEGO HOLDINGS

ANALYSIS OF MANAGEMENT BOARD OF DIRECTORS

REGIONAL CEOs

Cuthbert Moshe Lekaukau Chairman LLB; LLM; Commonwealth Certificate in Legislative rafting Appointed to the Board: 2002 Nationality: Botswana

Frederick W Mmelesi CEO (Botswana) AAT; MBA; EDP Nationality: Botswana Joined Letshego: 1999

John Alexander Burbidge Non-Executive Director CA Appointed to the Board: 2002 Nationality: UK

Melissa Huang-Williams CEO (Mozambique) CPA Nationality: USA Joined Letshego: 2010

Margaret Dawes Non-Executive Director CA Appointed to the Board: 2009 Nationality: South Africa

Willem Steenkamp CEO (Namibia) BA; DEd Nationality: Namibia Date Joined: 2003

Gaffar Hassam Non-Executive Director FCCA, MBA (Oxford Brookes) Appointed to the Board: 2009 Nationality: Malawi

Mbuso Dlamini CEO (Swaziland) BCom; CA (SA) Nationality: Swaziland Joined Letshego: 2010

Idris Mohammed CFA; BSc (Industrial Engineering); MBA Appointed to the Board: 2010 Nationality: USA

Marion Moore CEO (Tanzania) CPA; CISA Nationality: South Africa Joined Letshego: 2007

Legodile E Serema Non-Executive Director BSc (University of Minnesota); Various marketing qualifications Appointed to the Board: 2009 Nationality: Botswana Jan A Claassen Group Managing Director BCom; LLB; Advanced Executive Programme (UNISA) Appointed to the Board: 2003 Nationality: South Africa Dumisani Ndebele Director: Risk and Compliance BAcc (Hons); MBA (University of Derby) (UK); FCCA; FCPA Appointed to the Board: 2004 Nationality: Botswana

Geoffrey Kitakule CEO (Uganda) MBA; MSc Comp Science; Bachelor of Statistics; Master of Laws in IT & Telecoms Nationality: Uganda Joined Letshego: 2008 Brian Ballack CEO (Zambia) BCom Banking Nationality: RSA Joined Letshego: 2010

GROUP EXECUTIVES Colm Patterson Group CFO FCA (Ireland); CPA Nationality: Ireland Joined Letshego: 2007 Lydia Andries Group Head of Corp Strategy BSc & Msc Actuarial Science Nationality: Botswana Joined Letshego: 2008 Portia Ketshabile Group HR Manager Diploma in Personnel and Training Management; MDP Nationality: Botswana Joined Letshego: 2001 Shawn Bruwer Group Chief Information Officer BCom; CIMA Nationality: Namibia Joined Letshego: 2006

Barati Rwelengera Group Risk & Compliance Manager AAT; ACCA; CPA; (Botswana) Nationality: Botswana Joined Letshego: 2008

Onkemetse Mtonga Group Business Development Manager Bachelor of Accounting, ACCA Nationality: Botswana Joined Letshego: 2010 Annie Chaka Group Information Technology Manager MBL Nationality: Zimbabwe Joined Letshego: 2000 Mythri Sambasivan George Group Finance Manager CIMA; ACCA; ACPA Nationality: India Joined Letshego: 2010

Duduetsang Olsen Group Business Process Manager BBA; MSc Strategic Management Nationality: Botswana Joined Letshego: 2009

Based on our own assessment of management skills qualifications and experience, we rate Letshego’s management as “good”. Generally, management has a good track record given the company’s growth within Sub Saharan Africa over the years. As a Botswana Stock Exchange (BSE) listed entity and also having a listing of its bonds on the Johannesburg Stock Exchange (JSE), the company upholds strong corporate governance principles. It is also worth noting that the group has also directed its efforts towards implementing the recommendations of the King III report (“King III”) introduced by the Institute of Directors (South Africa). Letshego, in our view strives to maintain high standards of business ethics and integrity.

Joab’s Technologies and Research, Natu Court Flat B.

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Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

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